Title 30B — Title 30B WASHINGTON TRUST INSTITUTIONS ACT
14 chapters · 156 sections in this title.
RCW 30B.44A.005 Required vote of shareholders.
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A state trust company may go into voluntary liquidation and be closed, and may surrender its certificate of authority and franchise as a corporation or limited liability company of Washington state by the affirmative votes of its shareholders owning two-thirds of its shares.[ 201…
RCW 30B.44A.010 Corporate procedure.
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(1) Shareholder action to liquidate a state trust company shall be taken at a meeting of the shareholders duly called and noticed as provided for in Title 23B RCW, if the state trust company is a corporation, and as provided in chapter 25.15 RCW, if the state trust company is a l…
RCW 30B.44A.020 Authority to liquidate—Notice.
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(1) If the director approves the liquidation, the director shall issue to the state trust company written notice of approval for such purpose.(2) Such approval shall be deemed granted unless the director issues a written determination, no later than sixty days from notice by the …
RCW 30B.44A.030 Examination and reports.
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While a state trust company is in process of voluntary liquidation under this chapter, it is subject to examination by the director and shall continue to furnish to the director such reports as required of a state trust company.[ 2019 c 389 s 58; 2014 c 37 s 379.]
RCW 30B.44A.040 Unclaimed property and moneys.
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(1) All unclaimed property remaining in the possession of a state trust company that has been voluntarily liquidated according to this chapter is subject to the provisions of chapter 11.08 RCW, except to the extent set forth in this section.(2) Any funds, less outstanding fees an…
RCW 30B.44A.050 Sale and transfer of property—Conditions for sale without shareholder approval.
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(1) Any state trust company may sell and transfer to any other trust institution all of its assets of every kind upon such terms as may be agreed upon and approved by the director and by two-thirds vote of its shareholders.(2) A copy of the minutes of any meeting at which such ac…
RCW 30B.44A.060 Procedures for voluntary liquidation.
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Except as set forth in this chapter to the contrary, the procedures for voluntary liquidation of a state trust company shall be consistent with Title 23B RCW, if the state trust company is a corporation, and chapter 25.15 RCW, if the state trust company is a limited liability com…
RCW 30B.44A.070 Naming of successor trustee upon dissolution of state trust company—Contingency for director as statutory custodian.
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(1) In the event of a voluntary dissolution of a trust company pursuant to this chapter, the provisions of RCW 11.98.039 (1), (2), and (3) shall apply, if applicable, to the selection of a successor trustee, subject to the director's option to approve a successor trustee as part …
RCW 30B.44A.080 Cancellation of state trust company's certificate of authority.
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Whenever voluntary liquidation is approved by the director or the sale and transfer of the assets of any state trust company is approved by the director pursuant to this chapter, a certified copy of such approval, filed in the office of the secretary of state, shall authorize the…